Columbia Sportswear Company (COLM)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.56 | 9.60 | 9.52 | 6.18 | 5.98 | |
| Number of days of payables | days | 26.91 | 38.02 | 38.35 | 59.05 | 61.05 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.56
= 26.91
The number of days of payables for Columbia Sportswear Co. has shown a fluctuating trend over the past five years. In 2023, the number of days of payables decreased to 49.00 days from 67.14 days in 2022. This indicates that the company took fewer days to pay off its trade payables in 2023 compared to the previous year, which could suggest improved efficiency or negotiation power with suppliers.
Compared to 2021 and 2020, where the number of days of payables was 68.31 days and 59.05 days respectively, the current decrease indicates a positive trend towards managing payables more effectively.
However, it is worth noting that in 2019, the number of days of payables was slightly lower at 61.05 days compared to 2023. This suggests that the company may have room for further improvement in optimizing its payables management.
Overall, the decreasing trend in the number of days of payables for Columbia Sportswear Co. reflects potential enhancements in the company's working capital management and cash flow efficiency.
Peer comparison
Dec 31, 2023